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fit and she stays active. >> just part of a taxpayer funded ad campaign from the u.s. department of agriculture encouraging seniors to get on food stamps because they will make you look better. we have more news on the food stamp front that will make you angry and that's later in the show. with the tax and fiscal cliff looming 21 days from now, is there a reason for even some slight optimism this evening? joining us now in studio, we welcome distinguished house members carolina maloney of new york and larry kudlow's house member in manhattan. and the republican from arizona. as always, welcome to both of you. dave, let me ask you this. i'm hearing a lot of this that there is a strategic retreat by the republican party. 57b and that they are not either in the house or senate going to block the middle class stax tax cuts which proliferate in terms of the bill. is that true, sir? >> i haven't been invited into the strategic retreat caucus. look. i hear more on the news than i ever actually come across in reality in d.c. so far, i do not see a willingness, particularly on the conserv
new poll shows that 52% of u.s. adult dults favor major restrictions on guns, making all guns illegal versus 47% last august. let's turn to our white house correspondent brianna keilar. she's joining us. the president came out and didn't mince very words. >> reporter: no, wolf. this is the first time that president obama has laid out a time line. he appointed vice president biden to lead this group of cabinet lawmakers to come out with some solutions and he wants those recommends from him no later than january. the president said this time washington won't just talk about tackling gun violence. >> this is not some washington commission. this is not something where folks are going to be studying the issue for six months and publishing a report that gets read and then pushed aside. this is a team that has a very specific task to pull together real reforms right now. >> reporter: he urged congress to vote early next year on an assault weapons ban and high ammunition clips and close the loopholes so all gun buyers are subject to background checks. >> we're going to need to work on making
, the u.s. is concerned about what they're seeing in libya, according to all reports, that some of the weapons that were supplied through middle men have now gotten to terror groups. they're concerned about tracking the weapons and about possible blowback depending what kind of regime replace assad because no one thinks this regime will survive, whether it takes weeks, months, or a year. no one really thinks and you are a lot closer to it than all of us that assad is going to survive. >> it doesn't seem like assad is going to survive. when i went in a few days ago, i wasn't sure as well if he had a few more days, if he had a few more weeks. i don't think that this is going tolg very quickly. i would say a few more months. i explained this to -- or described it to one of our editors that imagine there's a big iceberg or a big wedge of ice and you are chipping at it with an ice pick. initially you just get tiny little flakes. eventually big chunks start to come off, and chunks are now coming off. the assad regime is breaking apart. rebel units are being -- are winning and taking o
saying the differences in the u.s. congress over the fiscal cliff could be settled if. that's what he's really saying in this press conference in damascus. the elements are there under plan world powers agreed to back in jeune. but, of course, getting agreement if there fr. the assad side and the rebels the and the government, that's a tall order. he's an experienced negotiator. there seems to be some momentum with a flurry of talks and shuttle-type dip ploemmy but he still said and lamented syria is deteriorating rapidly. and as he said there's no u.s./russian plan. there may be discussions on options. can will there a transitional government formed and then elections but we're still not at that stage yet, suzanne. >> do we think he's bringing anything to the table that kofi annan did not who failed in brings these sides together? >> yes. and in failed, it may be a matter of timing. certainly the matter of violence has an eastbound. 40,000 report lid dead. brahimi has not had that success either but he's plugging away. he's been the man in the field from the u.n. from haiti to yemen.
. the only place you have it is overseas. europe looks stable compared to the u.s. right now what does that say about our dysfunctional system? it says our dysfunction is our competitor's advantage in this market and that is sad. >> amen to larry. that was well said. i don't think i can add anything. >> for the average investor watching right now, any advice? >> no. i think that what's going to happen is there will be refl reflexive knee-jerk reaction higher if one of those two things i said happen. the market was up quite a bit since mid-november. the small-cap his been up 9.5% until the sell-off and they'd given a lot of that back, but there was a lot of good feelings priced in, and to me it's not that awful for us to take some of that off. i think the next month will be choppy and whipsaw, but 2013, there are a lot of good things going, housing market, china, japan. i would buy some things. >> guys, got to cut you off. larry, you'll get more time next time, promise. see you later, jim. >>> we're all over the fiscal fiasco. tune in to cnbc this sunday night. yep, we're working the we
in this field. so what is the legislative low-hanging fruit now? the u.s. senate has done a very small part of it, unanimously passing a bill that allows federal officials to help local authorities respond to mass shootings or other violent crimes in public places, a jurisdictional thing. that's a start. that's something. but is it more possible now in a changed political landscape, in a changed country. what about the issue of federal research on guns? that's not allowed right now. back in the mid-'90s, an arkansas republican pushed an amendment through congress that is still in effect today. it strips the centers for disease control budget of $2.6 million specifically, because that is the exact amount the agency had spent on gun-related research. it also outlawed further research on gun control. that's what it says in the amendment. none of the funds made available for injury, prevention and control at the centers for disease control may be used to advocate or promote gun control that is still the law. or how about allowing the government to release the information it is still allowed to
know, the u.s. banking index needs to see the confirmation of europe for this thing to go -- >> but look at what will happen if spain activates the omt. any bank that owns all those sovereign debt are going to fly in europe. that's what people are anticipating. you will get that buy-in. >> we saw the banks fly today. bank america, closing at a 52-week high. bertha's got the latest on that. bertha? >> yeah, it's had a really strong day, b of a, extending those gains right now to an 18-month high. it closed at the highs of the day there at $11 a share. whitney says despite the monster run in financials and b of a up, the big banks are better capitalized and poised to be able to deploy earnings more freely. the feds march c-car will serve as what she calls the near term catalyst. the fed should allow b of a more room to use its capital and she thinks the board could quadruple the dividend. she also had citi and discover financial. whitney will be on with maria to talk about that call tomorrow. >> thank you, bertha. when she speaks, especially when it comes to the bank stocks,
to continue to be an outstanding u.s. ambassador to the united nations. i hadn't made a decision about who would be my next secretary of state. there's no doubt that susan was qualified. there are other people who are qualified as well. her interest is in serving me but most importantly serving the country. and she's done an outstanding job. i could not be prouder with her. she will continue to be one of the top members of my national security team. >> we talked about the next choice. it's interesting to watch the dominos fall. a lot of people saying john kerry now is the choice. all these same senate republicans who were challenging susan rice said john kerry will breeze through. it will be an easy confirmation. then that opens up a senate seat in massachusetts. could scott brown come back? this opens up a whole new series of conversations. >> to andrea's last point, you kind of wonder if it's only six weeks after a very, very resounding win in the election and obama was not pounding his fist standing strong, you wonder what the next four years will be. >> he was angry. >> he could wen a
and putting it to work. the u.s. economy is simply much stronger than we thought just a few quarters ago. second, these deals show that there are ceos who are willing to give up or share their empires in order to make money for their shareholders. oh, cramer, these people are so rich. i know they're not sacrificing financially. that's not the point. the target ceos will all do well but these guys are empire builders. finally, even as the sale of the stock indicates in a symbolic way, these deals show the companies are listed -- that are listed themselves are often worth far more than they're currently trading for. that's not an aberration. it happening marketwide. think about it. we have a financial brokerage company, right, stocks and oil service company, a tech concern and an insurer's business bringing out value virtually overnight. here's the bottom line. we can be riveted and saddened by what's going on in washington or angry, the refusal of all politicians to rise above their milieu or we can be constructive and search for the opportunities that are right there in front of us, in m
will not testify for now.ecovering from that concussion. john bolton, former u.s. ambassador to the u.n. and fox news contributor and good morning to you. >> good morning. bill: tell me about this review board, what do they do, who is a part of this? >> it was appointed by the state department itself to look into the incident at benghazi. this is a standard procedure. i'm sure they have written a thorough report but it will not be the end of the controversy. bill: why would it not be if it is a thorough report. >> the people did the appointing are the people who did the questions. i don't think the conclusions will necessarily withstand scrutiny. they could cover three main areas. one, why did the stated department reject continued requests for enhanced security for before september the 11th? number two, could we have done more to protect our people during the attack. and numb 3, who came up with this ridiculous story that the whole thing was provoked by the mohammed video. bill: you think you get answers to all three in a review like this. >> you have the capability of it, i do? >> this is not
and losses have been picking up in the last hour or so as we've seen renewed concern about the u.s. fiscal cliff whether a negotiation could be reached. we saw some optimism in the asian session overnight. i want to draw your attention to the most important story potentially for 20123 and that's what's happening in japan. you guys may recall yesterday it was up .9%. this market has been on a tear this year. it's up more than 20 one of the best asset classes. the yen continues to weaken. there's two reasons why we're focusing here. we got weak economic data out of japan. industrial production decline. we saw core consumer prices decline. we can show you, though, what's happening with the yen. we're seeing the new finance minister coming out and saying to other countries, you know, look, we're not trying to materially weaken our yen and you have no place to accuse us of doing so. he says a strong dollar policy would benefit the u.s. very much so. and, again, might benefit japan, too, because that will make it a lot easier to get that yen lower. today, the dollar/yen is up .2% because it's im
about 40 minutes ago, tim geithner said the u.s. is simply running out of money. let's get the latest on this game of chicken from c nbc's chief political correspondent, john harwood. john? >> melissa, i want to bring you up to date on the fiscal cliff developments. first of all, as you mentioned, secretary geithner has informed the senate that the united states government will hit its debt ceiling on monday. that is december 31st. now, that doesn't mean that anything happens immediately, because the treasury can take various steps to postpone the moment of reckoning, probably a couple of months. it's still significant. that's an effort to pressure congress. secondly, the house republicans have met, leadership has met, sent a letter to democrats saying the house has acted, now it's up to the senate to act. that's, of course, the m theic-controlled senate which has no intention of taking up that house bill, which would extend all of the bush tax cuts. the president wants to only extent cuts for incomes under $250,000. senate democratic leadership aide tells me there's a 50/50 chance fo
targeting the u.s. facility. at the same time the state department increasingly was relying on a local libyan militia known as the 17th february brigade as well as on outside security contractor to protect the consulate. the report concludes neither provided meaningful defense on the day of the attack. jenna: what about the hearings? will secretary clinton testify on any of this information? >> reporter: well the unclassified report is lengthy but a key piece is missing. it does not address the policy piece. for example, why was it that secretary of state hillary clinton and her office felt that a smaller, or light footprint was necessary or was justified in eastern libya given the intelligence about the deteriorating security conditions? just a short time ago a senior republican here on capitol hill said secretary of state hillary clinton must testify. >> i do think it's imperative for all concerned she testify in an open session prior to any changing of the regime. i think that that's very important for her. i think it's very important for our country and i think it's very important
growing criticism over the last several weeks because of the way that she portrayed the u.s. consulate in benghazi. she blamed an angry mob, not a terrorist attack by al qaeda. rice has said that she was working off of information she had at the time, but republicans largely led by senator john mccain have accused her of misleading the american people and said because of that, they wouldn't support her nomination. it was that pushback that led her to give a letter to the president saying that she did not wish to be considered. she said she believed the confirmation process would be long, lengthy and disruptive and just not worth it to the country at this time. president obama did accept that decision, and then said that he regretted it but also said that it spoke to her character. she will likely continue to work close w closely with the president, either as his u.n. ambassador or as his security adviser. he will likely now nominate senator john kerry. larry? >> many thanks. on top of the susan rice story, we are also learning tonight that retired nebraska republican senator chuck hage
as if the u.s. government would not pay interest on its debts. have -- you know perfectly well will is about a million things. i have been in the country where they ran out of borrowing capacity and managed important several years to survive without that borrowing capacity. there's a million things you can do before. you don't pay your debt on the u.s. treasuries before you stop paying social security, before you do lots of other things. is he purposefully trying to elevate this to a situation that frightens people? >> in many ways -- this is like the mayan calendar. they said the world would end december 21. we are all still here. the fiscal cliff negotiations and the debts limit thing are not the end of the world and we will figure it out. the most important thing to keep in mind is long term. we want to have a healthy fiscal situation. we have to have a healthy economy. we have to address growth. here's something else that is -- totally missing from this conversation. >> jimmy? >> understand that the executive branch is required under federal law to notify the legislative branch that, fac
-runner for the job after the u.s. ambassador to the united nations, susan rice, withdrew her name from consideration last week. during the announcement the president indicated that kerry's senate career makes him more than capable for the job. >> in an extraordinarily distinguished senate career and as chairman of the foreign relations committee, john's played a central role in every major foreign policy debate for nearly 30 years. as we turn the page on a decade of war, he understands that we've got to harness all elements of american power and ensure that they're working together. >> secretary clinton wasn't present for the announcement. she's still recovering from a concussion. but in a statement she said that kerri is re is an excellent choice. north korean state media is reporting a u.s. citizen has been arrested in north korea for committing an unspecified crime. they say a tour guide entered north korea more than a month ago, was eventually detained after evidence was uncovered of some sort of crime. this comes ten days after a u.s. official said an american with a similar name was detained i
. a rocket launch in north korea had the capability to travel 6,000 miles, one could conceivably reach the u.s. that's the assessment of three officials in south korea's defense ministry based on assessment of a part they recovered from one of the rockets. it shows the nuclear neighbor's intent. >>> president obama has not even nominated former senator chuck hagel as his choice for secretary of defense, but haggle taking heat over his past positions on iran and 2007 interview when he said "jewish loe lobby intimidated lawmakers." >> i would have serious questions to ask him, not just about israel, but to me the most significant foreign policy challenge for president obama and our world is iran. nuclear weapons program. chuck hagel has had some very outlying votes on that. >> i don't think he's going to get many republican votes. i like chuck, but his positions, i really didn't know all of them, frankly well out of the main street and to left of the president. >> he is the subject of a new ad opposing his nomination as defense secretary. dana, what do you think? he might not sail through like j
's been a gang buster year for the markets. unfortunately, the average u.s. investor out there has largely been on the sidelines. money in bonds, money into money market funds continuing to flow in the month of november. unfortunately, even as we do see a very, very good year for the stock market, not many investors are really taking part in this. >> i think we saw finally an outflow for bond funds in well over a year last week. that has been a rarity. we've warned many of our viewers, be careful of the duration risk. we're going into another year where many people are at least saying, okay, is the rally over? the 30-year rally in bonds, is it over? if it is, what is it going to mean? we've had people saying that the last three years. everybody's best trade was to short the long bond. it ended up being one of the worst trades you could make the last couple of years. >> in terms of being careful, speaking of being careful, today will be light volume, shortened session, but light volume. who knows what that could lead to. if you wanted bury bad news, christmas eve is the perfect day to do it
back to mortga"morn joe." there are new developments involving the attack on the u.s. consulate in benghazi. it places most of the blame on the state department for providing extra security. they conclude a systemic management failure at the state department resulted in grossly inadequate security at the consulate where four americans were killed that night. the report says the u.s. relied on poorly skilled local militia members to safeguard the facility, and investigators found no evidence it was sparked by protests to an anti-muslim video. >> no evidence of that, and that's what, of course, the white house and the press led with after this happened. >> this is from an independent panel. >> unbelievable. gross negligence, willie, against hillary clinton's state democrat department. >> the report found no cause for disciplinary action. they made 29 recommendations to improve embassy security. secretary of state hillary clinton reportedly has accepted all of them. >> can i ask you, when is the hearing? >> thursday. >> what is she going to say at the hearing. >> she's not going to
in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> we've been talking about the tragedy in newtown, connecticut. and that was not the only news story this week. one important story that was uncovered before the friday shooting. the future of women's under the violence act. it provided billions of dollars to investigate violent crimes against women but it expired. they offered to expand the bill with a new protection for same-sex couples, american indians and undocumented immigrants. so the house balked so in tuesday at a rare show of defiance in their own party leadership ten house rips signed on to a letter written by democration asking house supremer john boehner and majority leader kantor to on the reauthorization of the violence against women act bringing a bill inclusive of
as a result of antitrust here in the u.s., a americaning of the two equity platforms of nasdaq and nyc. nyc kept as it, and my reporting is, let's call it september or so, right at the end of the summer, early fall, an overture was made to the nyc about a potential deal. discussions continued at that point and continued for a number of month ending with this morning's announcement from the two of them that they did in fact have a deal. fair >> david, what i'm hearing is that the cme group wanted to offer an even higher bid for the new york stock exchange. however, with this clearing agreement that the nyse has agreed to with i.c.e., that's probably not going to happen at this point, this is the deal that nyc is going to go with because apparently cme approached the ceo in the last couple of months, but it was probably too late. the nyc went ahead with i.c.e. and had been too further along. the question now, bob pisani, what happens with the other exchanges, hong kong, nasdaq? what are we seeing next in terms of the next target in the exchange space? >> well, at the very least, it's helped i
investors have pulled at least $380 billion u.s. stock funds from april 2007 and it's the first time ordinary investors have sold during a bull market since world war ii. >>> mortgage rates headed down last week according to freddie mac. the 30-year fixed rate average was 3.35%, just 0.04% from the 40-year lowest on record since 1971. the average on 30-year fixed rates was 3.66%, the lowest in 65 years. michelle, it seems like a good time to buy. >> yeah, maybe. >> thank you, seema, if you can get the loan. >>> why when we just upgraded their trade status in we're about to get answers from a russian expert just ahead. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit offection. report. i'm michelle caruso-cabrera. >> gun control advocates talk about great laws in gun ownership if great britain. there's only one problem, they don't work. they seem to have made things even worse. we'll talk more about that and it happens to
. in this case, if you have to be in a u.s. car maker, i guess gm's all right. i rented a malibu. >> a malibmalibu. >> wow. >> it was nice. >> real quickly, i'm more on guy's side here with, with the stock gapping up on that news, just like aig, there's going to be a lot of overhang. i think you're going to have an opportunity to buy this thing in the mid to low 20s if you want to. >> split. i don't know if that's progress. just fyi. >> it's been decided? >> mike's floating around. dr. j is in here somewhere. >> we're going to go to mike, because he saw unusual activity in johnson control. >> this is going to break the tie. johnson control gets 8% of their revenue from general motors. they had their analyst day earlier today and they basically surprised the street. forecasting better than expected sales for next year and better than expected profits of $2.60 a share. if you follow the logic that that's a derivative play on general mole or thes, you are probably bullish. options were bullish on jci. about 93 cents. that would break even if the stock is above $30.93 by january. tha
intervention, more than half say the u.s. and other countries should not send military planes and missiles to help the opposition fighters set up a safety zone. >>> in kabul earlier today an afghan police officer shot and killed an american contractor. this was inside police headquarters. this attack comes just a day after five afghan police, they were killed by their commander who police say was a taliban infiltrator. more than 50 have been killed by inside attacks this year. barbara starr, this is one of the main concerns as you know of the police of the forces, the international forces inside of afghanistan. you've got these rouge actors that infiltrate and are a part of killing what they -- these inside killings, the green on blue and blue on blue. tell us what happened. >> there's very little information available so far, suzanne. as you said, someone in an afghan police uniform. what is so interesting about this tragic incident is it was a woman in an afghan police uniform. whether she was a member of the afghan police or perhaps an infiltrator that stole the uniform somehow i think
package pickup from the u.s. postal service the holidays are easy. visit pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidenta
maker based in the u.s. the company received $133 million in federal stimulus grngrnt grants before going under. republicans called the case a textbook example of wasted stimulus money. >>> "usa today," controversy surrounding the korean pop sensation psy. he performed last night at the christmas in washington concert with the president and his family in attendance. he has that dance, you know? >> you know, everybody, like, sends me videos of them doing this. i have no idea what it is. >> "gangnam style." >> is that how you say it? >> yeah. >> oh, you know what? i prefer to be out of it on this one. >> so this was just days after video surfaced of him using inflammatory anti-american language and leading anti-u.s. protests at a concert in 2004 amid the heat of the iraq war. the song, which is a cover called for killing, quote, yankees. on friday psy issued an apology saying he understands american servicemen's sacrifices and regrets using the inflammatory language. >> it was really harsh language that he used, but you know what? a lot of people said a lot of stupid things again. i w
. the 18 year old is a registered sex offender. he is from peru and in the u.s. on an expired visa. the intern clearly tried to deceive the santor. >> brian: this next story is crazy. >> steve: justin beiber the target of a murder plot. ♪ >> steve: a convicted killer serving time in a practicon in new mexico accused of hatching a plan. martin was angry because of all of his fan mail to beiber went unworried . he recruited two hit men to strangle beiber and his bodyguard in a recent concert in new york city. it is it a terrible story it didn't happen. >> brian: this is not a joke, this is it a scoreboard from a girl's high school basketball game. final score 107-2. his players were not trying to run up. it would be more embarrassing for his players to stop shooting . the losing team's coach was disappointed >> gretchen: victoria secret model may be well rounded but not the singing skills e. ♪ deck the halls of boughs with -- my god. no, is it falalala. >> we sing . ♪ santa baby. okay, let's get back to work. >> brian: is that work. >> gretchen: a spokesperson for victoria secr
in 1998 when that guy walked in and killed two u.s. capitol policemen. and i thought, i mean, how many times do we have to go through this? this is coming from a guy, by the way, that's from the south. this is coming from a guy that owns guns, that sit in my home unloaded. no kids in my house, just to be clear. this is coming from a guy they grew up in a household with guns that sat in a locked gun closet. i knew that if i went near them my father was going to beat the hell out of me. i knew it. but we are now at a tipping point. we are now at a stage where we are almost ten years after the assault weapons ban has expired. if you need a 223, if you need an ak-47 to shoot bambi, you have bigger problems. you don't need those guns. you don't need them to go hunting. i get gun rights. i totally like gun rights. but you don't need those kinds of things. and you don't need crazy people being able to get them, either through their parents, through loopholes going through these gun shows, no background checks. >> internet sites. >> internet sites. it's ridiculous. way too many loopholes. way
. they would sell u.s. debt and force change that way. now the federal reserve owns most of the debt, so the bound vigilanties have been new tered. >> that was a very clear way of explaining that. >> now everybody can go back to sleep in america. i wanted to tuck people back in. >> is jack jacobs on the phone? let's take a pause. >> i put colonel jacobs back to sleep. >> no one can put colonel jacobs to sleep. he's hyperactive. as we indicated earlier in the show, a long-time friend, sometimes under ling of general norm an schwartzkopf. colonel jacobs, i was mentioning at the top of the show that the impact that general schwartzkopf, then colonel schwartzkopf had on me from an incident in vietnam that a woman in iowa, peg mullen, wrote about in a book called the "friendly fire" about the death of her son a young army private. general schwartzkopf was the army commander and he was so human and approachable to mrs. mullen. it was impressive. clearly he was an impressive guy. tell us your thoughts and memories of general sworts co h schwartzkopf. >> he was an impressive guy. i he met him w
the great recession with flying colors. about 30% of the dealers in the u.s. went under during the recession. isn't that extraordinary? but brunz week's dealer remained flat. they held in much better than the competition. they used the economic weakness to take share. plus the company took out $450 million in fixed costs during the downturn to come out even stronger than ever. that's the brunswick we're dealing with today. second, if higher taxes going forward mean there's slightly less demand for motorboats and fishing boats, you know what? i think that could be more than offset by the additional demand created by all those boats that sandy damaged or destroyed. and even before sandy, things were getting better for brunswick. over the last decade, the age of the average powerboat in the water has gone from 15 years old to 21 years old. wow! i thought cars at 11 years was a lot. that means there's a ton of pent-up replacement demand. we saw the same thing happen in the automobile market where the average car on the road got so old that it has led to a new surge. that's what that $15 million
. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> welcome back. if today's market action is any suggestion of what's to come, where do you put your money now? >> where do you put your money in the final five trading days of the year? >> w
. mary thompson is at the big doi. the dow staged and pulled lower today by u.s. senator harry reid and the idea that the markets would send the markets higher in late trading and even though the gains latt in the kay were trimmed. mitch wok nell tock to the fleb vp strategy. the weaker performers were financial, materials as well as utilities among the sectors offsetting late-day games we saw in discretionary and staple stocks low on initial consumer sentiment and the cliff. home builders today finished something very good. november home sales for strong continue once again. of course, now all eyes to this weekend to see what hang will done about the cliff. back to you. >> if, at all. thank you, mary. housing is clicking on all cylinders right now. home prices up nearly 7 boston this year making it the first yearly gain we've seen in housing six 2006. that's unbelievable. >> it is unbelievable. >> look the november numbers. 14.5% jump in existing home sales. mary mentioned the 15% increase in new home sales. mortgage rates still close to all-time lows right now. >> with all that po
, a u.s. investigation finds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yeste
rochelle. no word why it crashed. >>> major, new concerns about the war in afghanistan this morning. u.s. troops are set to withdraw in a matter of months. but a new pentagon report finds only 1 of afghanistan's 23 army brigades is prepared to take over the duties. >>> we're learning more about the navy s.e.a.l. killed while helping to rescue a doctor in afghanistan. nicholas checque had been a s.e.a.l. for most of the past decade. people in his hometown in pennsylvania said checque dreamed of being a s.e.a.l., entering the navy right out of high school. >>> and in florida, a woman has been convicted of killing a man who won the lottery so she could steal his money. a judge in tampa called dee dee moore cold and swindling before killing abraham shakespeare. >>> two, major headlines returning your taxpayer money. the government is selling off its remaining stake in aig, the insurance company that got the biggest bailout in the financial crisis. a slight profit is expected. >>> and hsbc is expected to pay the government $1.9 million to settle accusations that the bank helped launder money
's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes,
general motors buying $5.5 billion worth of stock from the u.s. government's t.a.r.p. program. and it was at a price $2 above where gm traded yesterday. that's right. we, the people, got a better deal than we could've ever hoped for just the day before. gm most likely would have been liquidated, putting more than 1 million people out of work. if the federal government hadn't bailed it out. nobody likes a bailout. people don't like to use the phrase bailout and the government isn't going to be made whole in this investment. i'm saying that point-blank. that's because it's so gigantic. the simple fact is also not only does gm exist, but it was capable of throwing off $5.5 billion to repay some of the t.a.r.p. investment. this thing was at death's door, now it's thriving, just like aig which also shouldn't have come back, but it did. those are two 2012 success stories that explain how robust corporate america really is and how unheralded that development is. what else? how about that the united states is producing more oil than any time in the last 17 years and producing enough t
purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: the yeas are 229. the nays are 182. 2/3 not being in the affirmative, the rules are not suspended and the bill is not passed. the speaker pro tempore: the chair lays before the house the following personal requests. the clerk: leaves of absence for mr. griffin of arkansas for the week of december 11 and mr. reyes of texas for today and for the balance of the week. the speaker pro tempore: without objection. the requests are granted. the speaker pro tempore: the house will be in order. the speaker pro tempore: members and staff, please remove your conversations from the floor. the speaker pro tempore: the house will be in order. the chair will entertain requests for one-minute speeches. for what purpose does the gentleman from massachusetts rise? >> address the house for one minute. the speaker pro tempore: the gentleman is recognized. >> mr. speaker, earlier this year -- mr. frank: i was critical on actions taken by the republican leadership regarding sponsorship of a bill. it's not my intenti
is that about 40 times per week in the u.s., patients have a sponge or a towel left. 20 times a week, we operate on the wrong side of the body or the wrong part of the body. and 20 times we do the wrong operation. >> reporter: dr. jeffrey port of new york presbyterian hospital showed me what's supposed to happen before surgery even starts. >> we make a mark with our initials on the side of the surgery. >> reporter: the surgeon initials the correct limb. once inside the o.r., everything stops and they hold up a checklist. >> what is the procedure? does it match the consent? >> reporter: nurses should count the instruments and gauze sponges before and after surgery. and some hospitals use a new technology that dr. port pioneered. a tiny tracking chip attached to each piece of gauze. are surgeons taking this seriously? >> very seriously. >> and rich besser is here right now. so, you walk into the hospital, what's the first thing you ask? what's the first thing you do? >> reporter: well, you know, you want to make sure that your hospital is using this checklist, using this system. surgeons call thes
. consumer spending, of course, makes up about 70% of the u.s. economy. if you have been missing the google maps app on your iphone, you should be able find it now. it's been three months since apple replaced google maps. that was not nearly as popular and not nearly as good. google released its free application this week, and it's expected to become one of the hottest commodities in the apps store. >>> a bold move by the fed seemingly no moves at all when it comes to the debt ceiling and debt issues. two big stories. what do they mean and what happens next? joining me now is bob nardelli, former ceo of home depot, former chairman of chrysler, and president of the private equity firm x lr-8. >> thank you. >> as a businessman, what is your take on the fiscal cliff issue? how do you think these negotiations end? >> well, i mean there, is so much speculation out there and such a broad range of opinions. i guess if i had to predict, i would say we probably will not reach agreement and there is a high probability we will go over the cliff, and the impact of that, the repercussions i think are ca
did today for my travel trust. we judge the u.s. economy to be strong. strong enough to survive a fall on a trampoline or deep pool. we think housing, autos, anything china related can be bought right here using weakness as an opportunity to buy and not sell as we work toward a deal. keep in mind that it might take until the super bowl when everyone by then would have seen the truncated paychecks and got to get a deal then. give them the failure of the government to rise up to a compromise on the cliff so far. you would expect a bigger sell-off today unless of course you recognize that a compromise is more easily reached in 2013 than 2012 and maybe a stopgap. if we wake for a kick the can deal, what's the point of selling? it's better to be a buyer instead of seller. compromise is far more likely than not despite last night's shenanigans. jack in florida, jack? >> caller: i read your book. i enjoyed it very much. >> thank you. >> caller: i'm following a sector rotation strategy with some of my investments. currently in the material sector. and hoping to catch more of the housing uprise
. >>> ted kennedy jr. is not running for the u.s. senate seat in massachusetts. he did not want to uproot his family from connecticut and not ruraling out a future run. that's because senator kerry is going to be going on to a cabinet post. >>> a new poll suggesting that americans are less enthusiastic of shopping this holiday season. 49% of americans expressing pessimism. joining me now analyst hetha pavulcar. will it's talk about what we're talking about this year. >> right. national retail fed case is expecting the holiday sales at 4.1%, up for the year and lower than last year's 5.6%. probably going to see about half a trillion dollars spent in holiday sales which seems like a lot but the number, the takeaway is less than last year. consumers and customers went gang busters on holiday sales. >> is this the possibility that the end of the year has seen the hurricane sandy issues and hit with that and also in the news cycle, massacre in newtown? peoples' spirits might be on the downside. >> right. to be quite frank, i mean, america's emotionally spent and i don't think they necessarily
are not as bad with fiscal cliff. china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud play and the use of it in the competition here, is that one of the key names? >> yes, it allows you to manage cloud in a cheap -- an anti-microsoft business. their partner is sales i'm really using these as tells. in other words, these are the ones where there's natural buyers. as we just found out how good things are. it wasn't like we found out a month ago. we just found out last night. if they have resilience, the market is going to be more resilient than people think. if they give up the ghost, i think next week's going to be difficult, too. >> all right. we'll be wat
life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. it's part of what you seeslove about her.essing.ll's. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, a
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